Dutch prosecutors have asked courts to declare the platform bankrupt, which would install a court-appointed trustee to oversee the process of extracting assets from the company to return to customers. The country's Fiscal Information and Investigation Service has also opened a criminal investigation into the platform.
Dutch Knaken crypto platform collapses
The Dutch cryptocurrency platform Knaken (not to be confused with the American Kraken platform) abruptly went offline in early June, leaving roughly 30,000 customers unable to access their funds. The company was unable to secure a license under the EU's MiCA regulations, which it said forced them to shut down. Though they claim to be winding down the company in an orderly fashion, they have reportedly stopped paying customer withdrawals, and have asked customers to stop filing claims.